Speciality Restaurants Limited (SRL) has announced the expansion of its restaurant chain with the opening of a new 'Asia Kitchen by Mainland China' outlet at the Nexus Elante Mall in Chandigarh. This strategic move marks the company's growing presence in the northern region of India.

Key Details of the New Outlet

Expansion Strategy

The launch of this new outlet aligns with Speciality Restaurants' ongoing efforts to strengthen its market position and expand its footprint across India. By choosing Chandigarh, a key city in North India, the company is tapping into new markets and potentially diverse customer bases.

Corporate Compliance

In line with regulatory requirements, Speciality Restaurants has duly informed the stock exchanges about this new launch. The company has complied with the disclosure norms under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Implications

While the immediate financial impact of this single outlet opening may be limited, it represents SRL's commitment to growth and expansion. Investors and market watchers may view this development as a positive indicator of the company's strategic direction and operational execution.

As Speciality Restaurants continues to expand its presence, particularly with its 'Asia Kitchen by Mainland China' brand, it will be interesting to observe how this growth strategy influences the company's market position and financial performance in the coming quarters.

Speciality Restaurants Limited , a prominent player in the restaurant industry, has announced significant expansion plans through two land development projects. The company's Board of Directors approved these initiatives during a meeting held on September 16, 2025, signaling a strategic move to enhance its real estate portfolio.

West Bengal Project

The first project involves the development of approximately 2.03 acres of land in Durgapur, West Bengal. Speciality Restaurants will partner with Coal Mines Associated Traders Private Limited for this venture. The collaboration aims to leverage the potential of the Durgapur region, known for its industrial growth and increasing urbanization.

Orissa Expansion

The second approved project focuses on developing about 0.96 acres of land in Bhubaneshwar, Orissa. This initiative will be a joint effort involving Speciality Hotels India Private Limited, a wholly-owned subsidiary of Speciality Restaurants, and ESSENOS LLP as the developer. The choice of Bhubaneshwar reflects the company's interest in tapping into the growing urban market of Orissa's capital city.

Regulatory Compliance and Next Steps

Both land development agreements are subject to obtaining necessary approvals from relevant authorities. In compliance with regulatory requirements, Speciality Restaurants has stated that detailed disclosures will be submitted to the stock exchanges upon the signing of the final agreements for these projects.

The company's Board meeting, which commenced at 4:30 p.m. and concluded at 5:00 p.m. on the same day, addressed these expansion plans. This swift decision-making process underscores the company's commitment to growth and strategic development.

Avinash Kinhikar, Company Secretary and Legal Head of Speciality Restaurants Limited, confirmed these developments in an official communication to the BSE Limited and the National Stock Exchange of India Limited.

These land development initiatives mark a significant step for Speciality Restaurants, potentially paving the way for future expansion of its restaurant operations or diversification into real estate development. Stakeholders will be keenly watching for further details as the projects progress through the approval stages and move towards implementation.